Chase Bank Fined $200 Million for ‘Widespread’ Record-Keeping Failures, Unapproved Communications

Federal regulators hit the largest bank in the U.S. with a $200 million fine Friday for failing to keep track of employees’ use of messaging apps, including WhatsApp, to evade federal record-keeping laws.

The Securities and Exchange Commission (SEC) announced Friday that a subsidiary of JPMorgan Chase & Co. would pay $125 million after admitting to “widespread” record-keeping failures. The bank will pay an additional $75 million fine to the Commodity Futures Trading Commission for allowing unapproved communications since 2015.

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JPMorgan Chase Bank Forces Unvaccinated Employees to Work Remotely

America’s largest bank, JPMorgan Chase & Co., told unvaccinated employees at the Manhattan offices that they must remain at home and work remotely, multiple sources reported.

Tuesday’s new rule allows only vaccinated employees and visitors to enter the bank’s Manhattan offices, a JPMorgan spokesperson told the Daily Caller News Foundation. Maks will be required when walking through lobbies, using elevators and in the company restaurants when not eating.

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JP Morgan Exec Bows to China After Joking His Bank Will Outlast the CCP

JPMorgan Chase chief executive Jamie Dimon apologized Wednesday for saying that the bank will last longer than the Chinese Communist Party, multiple sources reported.

Dimon said that he regrets the joke he made Tuesday morning while speaking at an event at Boston College, according to The Wall Street Journal.

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